“When the coins get cashed in by a business, run through the scanner, then they only get 90p in the £1 paid out. The treasury wont honor bent dosh.”
Any business putting cash in, do so in money bags. I have done this myself. The bags simply get weighed in at the bank, then the money credited to my account. I imagine this is the case with all small businesses/those depositing coins. Where is this ‘scanner’ of which you speak? I imagine such sophisticated equipment isn’t installed in your average high st bank branch.
“That’s about £45-£50 million in fake coins.”
So an absolute drop in the ocean really, all things considered.
The only pound coin I’ve ever had rejected by a shop, was an Isle of Man/Chanel Islands/Gibraltar one, which is legal tender AFAIK, but the dozy shop bod was too ignorant to understand this. I dread to think what they would have done, if faced with a Scottish bank note…